Topic: Does anyone here give trading tips to friends? (Read 2412 times)
Which coin stays where, is based on the whales behind the coin - how deep their pockets is. Monero needs funds to compete with Ethereum, untill then, it just keeps hanging.
I hope monero climbs as high as that. The coin has got potential, don't know why it's not in the second place.
I don't share trading tips, at least not yet, until I get the hang of it.
I don't share trading tips, at least not yet, until I get the hang of it.
When btc was ~350 I told my boss to get in - he said 'I bet in a year it'll be work nothing'
The next year it was 700....they just don't listen
The next year it was 700....they just don't listen
I try not to give trading tips to my friends. On the rare occasions that I do, I always tell them that I'm no expert and that if they do follow or act on any of my tips/advice that they could just as easily lose money as make it. I would never tell someone, "If you do x,y and z, you will profit guaranteed."
but i am introducing bitcoin and also giving trading tips to my friend on regular basis actually i have some talented friend and i know that they can really get benefit from bitcoin if they are properly guided therefore i on regular basis give trading tips and also share important information with my friends. 
Ive just had one of my friends ask for some advice on coins to pick to add to a portfolio but after being asked ive now decided id rather him find out for himself, I feel that if i give him advice and the ones i have said to pick end up failing then it will fall back on me so i think from now on i wont be giving any advice on trading. I dont mind telling him what ones i think are going to do well but i dont think its wise to promote any.
Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
I do give a useless advice
buy low sell high. and then told them to do their own research, rather than asking someone on what to trade, why not research it on their own or at least make an effort of verifying if it is worth the investment. basically i tol them not to listen in troll box or if they do just do the opposit. 
Usually, I just say what my personal opinion on this or that asset is. Or tell them in what stuff I have invested. But I always warn that this is just my opinion, I may be wrong as well. It is up to the person to decide wether to follow the advice or not, and what to do with this information. Don't blame urself and don't allow others to blame u because of their failures. U dont give any guarantee and u dont own them anything. Just relax)
I do give some tips to my friend sometimes but mostly I told them to read threads about coin and let them decide which coin they wanted to trade. I just give them some pointer on what to pick. I told them if the coin is active and the community is actively participating with upcoming release of an update, then it is mostly the good coin to invest in.
Actually we dont plan it and sometimes it just comes when we meet each other and share out experiences in trading. We give tips and sometimes we pull each other in investing to different trusted altcoins.
I try not to give trading tips to my friends. On the rare occasions that I do, I always tell them that I'm no expert and that if they do follow or act on any of my tips/advice that they could just as easily lose money as make it. I would never tell someone, "If you do x,y and z, you will profit guaranteed."
yes i am also giving trading tips to my friends, i have some close friends who are jobless one has done master in Business Administration and the other one has done master in Political science, but still they are looking for job, now i have introduce bitcoin to them and also give them some trading tips how to invest in bitcoin and where to invest bitcoin again.
Ive just had one of my friends ask for some advice on coins to pick to add to a portfolio but after being asked ive now decided id rather him find out for himself, I feel that if i give him advice and the ones i have said to pick end up failing then it will fall back on me so i think from now on i wont be giving any advice on trading. I dont mind telling him what ones i think are going to do well but i dont think its wise to promote any.
Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
Well no, my friends don't know about bitcoin but even if they would know I wouldn't tell them that i trade or something like that, I have a negative balance between earnings and profit so I'm trying to get back on my feet.
I got the same problem a few years back, but with trading i managed to recope it within a few weeks. It's not very hard, just need to be focused on the coins you are trading.
Obviously you have to cut down your spending too
. No more ferrarri'sIve just had one of my friends ask for some advice on coins to pick to add to a portfolio but after being asked ive now decided id rather him find out for himself, I feel that if i give him advice and the ones i have said to pick end up failing then it will fall back on me so i think from now on i wont be giving any advice on trading. I dont mind telling him what ones i think are going to do well but i dont think its wise to promote any.
Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
Is anyone in a similar situation or have you even made recommendations only for them to fail and friend slose money?
i have introduced bitcoin to others and many of them are my friends. so as a result and the normal way of things i will tell them about everything i know which has trading included in it too.
but whenever i am talking about anything speculation related like trading i try to stay away from being too specific and give any signals to anybody which is going to come back and bite my in the ass later.
I manage a small amount of BTC and alts on behalf of a few close friends who trust me and who rely on me to take the right calls on that portfolio. They have all committed to a 3 to 5 year holding horizon.
i do it with my friends and i have community of bitcoin where every people which play, i mean trade bitcoin, share info about bitcoin and altcoins. and beside that, i've made a group on whatsapp with many friends and shares about this. many of them will give advice and info around cryptocurrency, and for people which live in same city, they made a gathering and shares many info.
i think its good for learn by doing so we don't make mistake when we trading. and beside that we can learn so many thing about cryptocurrency especially bitcoin.
i think its good for learn by doing so we don't make mistake when we trading. and beside that we can learn so many thing about cryptocurrency especially bitcoin.
Yes, it’s really a tough situation when you try to give honest advice but eventually it results in loss. Yes, I do give advice to one of my friend but that’s not related with crypto trading. I have been trading in stocks for a while (with simulator) and got some experience and I share it with friend and force him to do his own research before investing. Basically I focus on sharing ‘strategy planning’ instead of ‘actual strategy’.
Yes, tips are always with 50-50 chances so recommending friends based on those tips might result in misunderstanding for your friendship. I never accept tips from third parties/friends for my trading nor I never suggest anyone to follow my words. In my experience both are risky for investment as well as for relationship.
Nope, and it's bad advice in general to do that for friends, much like lending a friend money or selling him a car. Money and business strain personal relationships, and giving altcoin tips? That is very risky, and your friend will NOT be happy when poopcoin X goes to nothing and his entire bankroll is gone.
Yeah me too , want to share my profit to my friends with giving a tips about profitable coin and also helps the coin more rising with the community .
But , we don't know what happen next , you also take a risk if you're coin fail to reach a goal. Instead of blaming better to learning from your fault.
But , we don't know what happen next , you also take a risk if you're coin fail to reach a goal. Instead of blaming better to learning from your fault.
General rule - don't give tips to people you know personally - they will blame you and curse you later, never convince them to invest in anything.
I will bite you in the ass forever if you say that some altcoin is great and then it turn out to be another Steem or we will have another DAO hack.
I will bite you in the ass forever if you say that some altcoin is great and then it turn out to be another Steem or we will have another DAO hack.
My brother is always giving me tips for selecting coins to trade in, as he spend most time in searching and reviewing about the coins, and with his tips I have found a good profit from trade with them, we should have to share the knowledge about trade with all of our friends and relatives so that we all get benefit from there.
Rather than looking for tips, read people's posts on the threads. The posts help you narrow down your research to the basics, then work out methods that fits your schedule.
Jump to: